Raisin Ireland review
Updated September 30, 2026 · SumCue Editorial Team · Facts checked September 30, 2026
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Our verdict
Raisin Ireland suits savers seeking flexible easy access cash with variable interest of 3.1% alongside EU protection, with contact across email plus phone plus help centre and top ups plus withdrawals at will, though variable rates can move and rival cash options may pay differently over time.
Key facts
- Best for
- Flexible easy access savings with EU deposit protection
- Headline rate
- 3.1%↗
- Rate type
- Variable↗
- Minimum deposit
- €1↗
- Deposit protection
- EU DGS up to EUR 100,000↗
- Access terms
- Top up and withdraw whenever you like↗
- Monthly fee
- €0↗
- Account kind
- Easy access↗
- Regulators
- BaFin, Central Bank of Ireland↗
- Legal entity
- Raisin Bank AG↗
- Headquarters
- Germany↗
- Support channels
- Email, Phone, Help-centre↗
- Pricing model
- No monthly fee
- Official website
- raisin.ie
Facts checked September 30, 2026, 2 sources
Apps and profiles
- Get the app
- Google Play
- Elsewhere
- TrustpilotLinkedInfacebook.com
Pros and cons
Pros
- Variable return of 3.1% with variable pricing that tracks market movement.
- Flexible use through Top up and withdraw whenever you like, suited to reserves and near term spending.
- Cover of EU DGS up to EUR 100,000 stated for eligible balances held with partner banks.
- Low entry via €1 with monthly upkeep of €0 for cost control.
Cons
- Variable structure via variable means the headline rate of 3.1% can move up or down over time.
- Headline rate of 3.1% sits below XTB at 4% and eToro at 3.8% on listed figures.
- Support runs on email, phone and help centre without live chat, which may feel limited for urgent queries.
Who it suits
- Savers wanting flexible access rather than ActivTrades style balance returns because Top up and withdraw whenever you like keeps cash available.
- Savers starting modestly who prefer Raisin Ireland at €1 over XTB where higher headline interest may carry different conditions.
Who should look elsewhere
- Savers chasing higher listed variable returns may prefer XTB at 4% over Raisin Ireland at 3.1%.
- Savers wanting balance interest inside an investment app may prefer eToro at 3.8% for combined cash and market access.
Rates and card terms
Raisin Ireland focuses its demand offer on a headline return of 3.1%. The pricing basis is variable, which means returns adjust over time rather than being locked for a set period. Savers comparing everyday savings value headline figures alongside conditions, tax treatment and likely holding horizons. Variable pricing can suit cash held for flexibility, as funds remain available while earning a market linked return. Rate movements may reflect funding needs, policy shifts and competitive pressure among deposit takers. Households weighing stability against access often contrast variable demand accounts with fixed term products that trade flexibility for certainty. Monitoring announcements helps savers decide when to hold, add funds or move elsewhere.
Deposit protection
Protection for eligible balances is described as EU DGS up to EUR 100,000. That statement sets the framework that applies where deposits are held with covered banks, giving savers a clear limit for planning. Oversight involves BaFin and Central Bank of Ireland, reflecting cross border provision into Ireland alongside home state supervision. Savers often weigh headline yield against the strength of protection, clarity of terms and ease of reclaim in stressed scenarios. Keeping balances within stated cover and spreading larger sums across institutions remains common practice. Documentation should confirm the deposit taking bank for each placement, as cover attaches at bank level under EU rules.
How it compares on our data
On headline rate, the account sits at 167 among 353 ranked brands, placing it around the middle of the savings market on listed returns. That context helps savers judge whether flexibility compensates for any gap to higher paying variable options. On minimum deposit, the account sits at 177 among 310 ranked brands, signalling broad accessibility for modest starting sums. Low entry thresholds matter for households building reserves gradually, testing a platform before committing larger amounts, or splitting cash across providers for cover management. Rankings shift as providers adjust rates and thresholds, so current order provides orientation rather than a promise of future standing.
Access to your money
Day to day use is framed by Top up and withdraw whenever you like. Savers can add funds when surplus cash arises and release funds when spending needs call, without agreeing maturity dates or notice windows. The underlying basis remains variable, so the reward for holding flexible cash can change while access stays open. Flexible access suits emergency buffers, house purchase funds held pending decisions, and seasonal spending pots. Households often pair such accounts with current accounts for bills and with fixed term deposits for longer dated goals. Standard transfer timing still applies, so savers should allow for bank processing when moving larger sums around deadlines.
Who regulates it
Supervision reflects cross border activity, with home state oversight complemented by conduct expectations in Ireland. Savers should check which entity accepts each deposit, which rulebook governs complaints and how redress routes operate where services span jurisdictions. Clear disclosure of the deposit taking bank, applicable terms and protection arrangements helps households compare like with like. Where marketing highlights headline returns, supporting documents set out calculation methods, payment frequency and variation rights. Reading account conditions before funding, and retaining copies of confirmations, supports smooth administration and quicker resolution of any queries about balances or interest.
The company behind it
The service is provided through Raisin Bank AG, which savers will see named in account documentation and confirmations. The home base is recorded as DE, consistent with cross border distribution into Ireland rather than a domestic high street branch network. Customer contact runs across email, phone and help centre, giving choice among written queries, voice help and self serve guidance. Households often value clear onboarding, straightforward funding instructions and responsive help when transfers or interest queries arise. Checking operating hours, identification checks and expected response times before opening helps set realistic expectations for ongoing account management.
How Raisin Ireland compares
9.2 vs 8.0
9.2 vs 9.4
9.2 vs 9.4
9.2 vs 8.5
9.2 vs 9.4ActivTrades lists a headline rate of 3.3% against Raisin Ireland at 3.1% for comparison on variable cash returns.
9.2 vs 8.7
9.2 vs 8.9
9.2 vs 9.2eToro lists a headline rate of 3.8% against Raisin Ireland at 3.1%, which may appeal where balance interest is preferred.
9.2 vs 8.7
9.2 vs 9.3
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0- 9.2 vs 8.0
9.2 vs 9.0
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9.2 vs 9.2
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 9.0
9.2 vs 8.9
9.2 vs 8.9
9.2 vs 8.9- 9.2 vs 8.9
9.2 vs 8.9
9.2 vs 8.8
9.2 vs 8.7
9.2 vs 8.5
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9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.5
9.2 vs 8.4- 9.2 vs 8.0
9.2 vs 9.0
Where Raisin Ireland is available
- Available
- Ireland
- Licence in Germany
- BaFin, checked September 30, 2026
- Licence in Ireland
- Central Bank of Ireland, checked September 30, 2026
Countries from the brand (Source, checked September 30, 2026)
Frequently asked questions
What interest rate does Raisin Ireland pay?+
Raisin Ireland pays interest of 3.1% on the demand account. The rate is described as variable, so it can rise or fall in line with market conditions and provider decisions. Savers seeking certainty should monitor rate updates regularly.
Is this an easy access or fixed savings account?+
The account is described as easy access with flexible terms. Savers can manage balances under Top up and withdraw whenever you like, which suits emergency funds and short term goals. Variable returns remain subject to change during the holding period.
Is money with Raisin Ireland protected?+
Balances carry protection described as EU DGS up to EUR 100,000. That EU framework applies per depositor and per bank within stated limits. Savers holding larger amounts should spread funds where added cover is desired.
What is the minimum deposit to open an account?+
The minimum placement is €1, which keeps the account open to modest starting balances. Savers can add funds over time subject to Top up and withdraw whenever you like. Such low entry requirements help households testing the platform.
Are there monthly fees for holding savings?+
Account upkeep shows a monthly fee of €0, consistent with a model without recurring charges. Savers still face possible tax on interest and currency effects where relevant. Check provider terms for any third party transfer costs.
How can savers contact Raisin Ireland for help?+
Contact is available across email, phone and help centre. Savers can use email or phone for account queries and browse guidance material online. Help resources cover opening, funding, withdrawals and rate information in plain English.
How do deposits and withdrawals work?+
Access is described as Top up and withdraw whenever you like, which supports deposits and withdrawals without fixed maturity. Funds move subject to standard transfer timing and bank cut off routines. Savers retain control for planned spending and reserve building.
Sources
- raisin.com/en-ie/savings-accounts/demand-deposit-accounts checked September 30, 2026
Backs: Access terms, Account kind, Deposit protection, Headline rate, Minimum deposit, Pricing model, Monthly fee, Rate type, Regulators, Support channels, Licences
“Top up and withdraw whenever you like - Demand Deposit”
- raisin.com/en-ie/site-information checked September 30, 2026
Backs: Headquarters, Legal entity
“60325 Frankfurt am Main”
Compiled from 2 source pages, checked September 30, 2026. We did not open an account.
Not confirmed yet: Term.